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Prospect Resources Boosts Mumbezhi Stake to 90%, Drilling to Accelerate in Q2

10:00am on Thursday 5th of March, 2026 AEDT Mining
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Prospect Resources Boosts Mumbezhi Stake to 90%, Drilling to Accelerate in Q2

10:00am on Thursday 5th of March, 2026 AEDT
Key Points
  • Acquisition of additional 5% interest in Mumbezhi for US$4.25 million
  • Ownership in Mumbezhi to rise from 85% to 90%
  • Transaction completion expected in April 2026, pending approvals
  • Phase 3 drilling program planned to start early Q2 2026
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